The economic data are telling us something, and the administration doesn’t want you to hear it.
As an economist, I have been following recent data and market trends, and I want to tell you what I am seeing. It isn’t looking good, and it’s going to get worse
In this video, I cover
Inflation data- CPI is still elevated, and energy prices are to blame
Gas prices are above $100 per barrel, and Diesel is above $6 a gallon
Bond Markets- Yield pressure is now on shorter term bonds too. Mortgage Rates are increasing; they are above 7% for a 30-year fixed mortgage.
The FED meeting- They are in a difficult situation; raising interest rates won’t solve the problem we are facing, but the Fed has to signal that they care about inflation.
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